Oil, Gas and Energy
50
Maintenance Engineering
213
Safety and Environment
69
Digital Innovation and Transformation
17
Hands-on Automation and Process Control
10
IT Management and Cyber Security
336
Sustainability
155
Business Continuity and Crisis Management
6
Security Management
16
Interpersonal Skills and Self Development
53
Planning and Strategy Management
220
Tourism Management
164
Financial Technology (FinTech)
4
AI in Administrative & Secretariat
12
Communication and Writing Skills
29
Legal
12
Healthcare and Pharmaceutical Management
258
Auditing and Governance, Risk and Compliance
266
Women Only Courses
Procurement and Stores
340
Engineering and Instrumentation
37
Contracts Management
186
Short Masters
2
National Workforce Development
263
Administration and Secretarial
149
Education Management Courses
12
Operations Readiness and Assurance
68
Construction Works
109
Public Relations
213
Project Management
182
Finance and Accounts
229
Public Institutions
134
AI in Customer Service
6
Transportation Management and Aviation
88
Marketing and Sales
163
Customer Service
49
Data Management and Business Intelligence
25
Graphics & Design Skills Courses
17
Supervisory Management
412
AI in Strategic Planning
14
Operational Excellence
128
Banking, Insurance and Financial Services
156
A topic of global importance and of particular sensitivity in the Middle East is that of oil and gas. This course is designed to assist accountants in oil and gas organizations in understanding the accounting complexities particular to this industry. Accounting in the oil and gas industry is mostly about 'expensing' or capitalizing the billions of dollars paid in assets. The 'expensing' or capitalizing of these billions is decided using the successful efforts method or the full cost method which are both accounting essentials in the oil and gas industry. In this course these subjects are thoroughly discussed and explained.
The course starts with the history of this industry and explains the accounting methods discussed above. It goes on to discuss details of these methods such as treatment of unproved property and drilling or non drilling costs. The courses then tackles how the proper allocation of these costs affects company financials, as well as the depletion and depreciation of the capitalized assets. The course ends with the treatment of costs of support equipment and facilities.
The course includes presentations, explanations and examples by the instructor. Participants will asked to calculate the proper amounts to capitalize or expense under the two methods. The course includes exercises, group workshops, presentations and a conceptual case study.
By the end of the course, participants will be able to:
Professionals in the field of finance and accounting, chief accountants, GL accountants, finance managers and supervisors, general management team, and finance staff who need to get specialized knowledge of oil and gas accounting.
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